Concourse Financial Group Securities Inc. Grows Stock Holdings in ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG)

Concourse Financial Group Securities Inc. boosted its holdings in ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) by 8.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 81,267 shares of the company’s stock after buying an additional 6,600 shares during the period. Concourse Financial Group Securities Inc.’s holdings in ProShares High Yield-Interest Rate Hedged ETF were worth $5,395,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Synergy Asset Management LLC purchased a new position in shares of ProShares High Yield-Interest Rate Hedged ETF in the fourth quarter worth $5,016,000. Retirement Capital Strategies purchased a new stake in ProShares High Yield-Interest Rate Hedged ETF in the 4th quarter worth $984,000. Rockefeller Capital Management L.P. bought a new position in shares of ProShares High Yield-Interest Rate Hedged ETF during the 4th quarter valued at about $797,000. Oppenheimer & Co. Inc. boosted its holdings in shares of ProShares High Yield-Interest Rate Hedged ETF by 347.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 13,880 shares of the company’s stock valued at $910,000 after purchasing an additional 10,780 shares during the last quarter. Finally, Commons Capital LLC purchased a new position in shares of ProShares High Yield-Interest Rate Hedged ETF during the fourth quarter valued at about $666,000.

ProShares High Yield-Interest Rate Hedged ETF Trading Down 4.9 %

BATS:HYHG opened at $62.48 on Friday. The business’s 50-day moving average is $64.41 and its 200 day moving average is $65.17. ProShares High Yield-Interest Rate Hedged ETF has a 12 month low of $59.66 and a 12 month high of $66.96.

ProShares High Yield-Interest Rate Hedged ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, March 3rd were given a dividend of $0.373 per share. This is an increase from ProShares High Yield-Interest Rate Hedged ETF’s previous dividend of $0.37. The ex-dividend date was Monday, March 3rd.

ProShares High Yield-Interest Rate Hedged ETF Company Profile

The ProShares High Yield—Interest Rate Hedged (HYHG) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index that goes long high-yield USD debt from US and Canadian issuers and shorts a duration-matched combination of 2-, 5- and 10-year US Treasurys.